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15
LEGAL NOTICES
You can join a Medicare drug plan when you first
become eligible for Medicare and each year from
October 15
th
through December 7
th
.
However, if you lose your current creditable
prescription drug coverage, through no fault of your
own, you will also be eligible for a two (2) month
Special Enrollment Period (SEP) to join a Medicare
drug plan.
If you decide to join a Medicare drug plan, your
current World Changers Church International
coverage may be affected.
If you do decide to join a Medicare drug plan and
drop your current World Changers Church
International coverage, be aware that you and your
dependents may not be able to get this coverage
back.
You should also know that if you drop or lose your
current coverage with World Changers Church
International and don’t join a Medicare drug plan
within 63 continuous days after your current coverage
ends, you may pay a higher premium (a penalty) to
join a Medicare drug plan later.
If you go 63 continuous days or longer without
creditable prescription drug coverage, your monthly
premium may go up by at least 1% of the Medicare
base beneficiary premium per month for every month
that you did not have that coverage. For example, if
you go nineteen months without creditable coverage,
your premium may consistently be at least 19%
higher than the Medicare base beneficiary premium.
You may have to pay this higher premium (a penalty)
as long as you have Medicare prescription drug
coverage. In addition, you may have to wait until the
following October to join.
Contact the person listed below for further
information.
NOTE:
You’ll get this notice each year.
You will also get it before the next period you can join
a Medicare drug plan, and if this coverage through
World Changers Church International changes. You
also may request a copy of this notice at any time.